The European Bank for Reconstruction and Development (EBRD) is ready to increase its investment portfolio in Ukraine by $5 billion over the next five years.

EBRD First Vice President Philip Bennett said this at a meeting with Governor of the National Bank of Ukraine (NBU) Stepan Kubiv on Tuesday, the NBU's press service reported.

"We are ready to provide as soon as possible technical assistance for the implementation of a set of reform reforms needed for Ukraine, sending an additional five billion U.S. dollars over the next five years," Bennett said.

He recalled that the EBRD's investment portfolio in Ukraine was EUR 4.7 billion and included 182 major projects in priority areas for the country.

Kubiv said that the NBU was working on the formulation of a new strategy aimed at improving the investment climate and the banking sector.

He also noted that the central bank was using all possible means to improve the investment climate.

Ukrinform